Insight: From Russia to labor shortages, Latvia faces stern tests in euro

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By Alistair Scrutton and Aija Krutaine VALKA, Latvia (Reuters) - From his office near Latvia's border, Valka deputy major Viesturs Zarins can see the future. It's down the road, right at the supermarket and past the derelict house. Across a disused border post lies Estonia, a euro currency nation that Latvia will next year emulate. From a quirk of history this town is split between the two countries, where some street vendors deal in euros and others in Latvian lats. Latvia's adoption of the euro on January 1 may encourage investment and lower borrowing costs. ...




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